Incubator arms of CMA CGM and PSA join hands to drive innovation

Singapore

THE corporate venture arms of French shipping giant CMA CGM and port operator PSA International are teaming up to drive digitalisation and innovation in the shipping and supply-chain ecosystem.

On Tuesday, the two units responsible for incubating start-ups, CMA CGM Ze Box and PSA unboXed signed a memorandum of understanding (MoU) detailing collaboration between them on this front.

One objective of the MoU is to leverage the complementary exposure and capabilities of CMA CGM in international shipping and PSA in port operations and management, to test-bed ideas and achieve better customer experience and operational efficiency.

This MoU comes five months after CMA CGM's announcement in January of the creation of Ze Bo…